XRP Plunges 12% as Crypto Market Loses $1 Trillion
This week is off to a terrible start for the cryptocurrency market, with multiple tokens recording double-digit losses.
The Ripple-affiliated XRP cryptocurrency is down as much as 12% after slipping to an intraday low of $2.07.
Dogecoin (DOGE) and Cardano (ADA) also logged significant losses, dropping by 10.6% and 13.4%, respectively.
Bitcoin (BTC), the largest cryptocurrency, is down a mere 2.6% after briefly reclaiming the $100,000 level on Monday.
The cryptocurrency market is now on track to have its worst day in four months, with as much as $1 trillion of value being wiped out.
According to data provided by CoinGlass, a staggering…
